Welcome to our dedicated page for Mercury Systems news (Ticker: MRCY), a resource for investors and traders seeking the latest updates and insights on Mercury Systems stock.
Mercury Systems Inc. develops secure open-architecture processing technology for aerospace and defense missions. The company’s Mercury Processing Platform spans signal processing, mission computing, sensor processing, command and control, communications, solid-state data recording, and edge processing applications used by defense prime contractors, the U.S. government, original equipment manufacturers, and commercial aerospace customers.
Recurring Mercury Systems news covers quarterly results, bookings, backlog, cash flow, and program demand, along with contract awards tied to space, strategic weapons, satellite, and electronic warfare applications. Company updates also include production capacity actions, specialized manufacturing capabilities such as the SolderMask acquisition, and product activity around radiation-hardened or radiation-tolerant storage and processing subsystems, RF modules, ARES radar environment simulators, and mPOD jammer training pods.
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Mercury Systems has announced the launch of the RFS1080, the first product in their trusted system-in-package (SiP) family, designed for aerospace and defense. With high-speed digitization and FPGA technology, the RFS1080 enables near real-time processing for applications such as radar, electronic warfare, and 5G communications. This innovative device offers a compact size, customizable architecture, and a trusted supply chain, addressing the Department of Defense's requirements for microelectronics. It aims to improve performance while reducing system complexity.
Mercury Systems, Inc. (NASDAQ: MRCY) announced the receipt of a new U.S. patent for methods protecting controller area network (CAN)-based systems from cyberattacks. This patent enhances Mercury's intellectual property portfolio, which includes over 80 patents. The patented Broadcast Bus Frame Filter offers zero latency protection for electronic control units in various sectors, including automotive and military. The company emphasizes its commitment to cybersecurity and innovation in mission-critical technologies.
Mercury Systems, a prominent player in aerospace and defense technologies, has been awarded the 2020 James S. Cogswell Outstanding Industrial Security Achievement Award from the U.S. Defense Counterintelligence and Security Agency. This award highlights Mercury's commitment to industrial security, with only 61 out of 13,000 cleared facilities receiving this prestigious honor. The recognition reflects Mercury's dedication to safeguarding sensitive information as it continues to innovate and provide secure technologies to bridge commercial and defense sectors.
Mercury Systems (MRCY) reported strong fourth-quarter results for fiscal year 2020, with record bookings of $279 million (up 15% year-over-year) and revenues of $217.4 million (up 23%). The company achieved record net income of $27.2 million and adjusted EPS of $0.72, compared to $0.48 in Q4 FY 2019. Full-year revenue reached $796.6 million, a 22% increase, and net income was $85.7 million. Mercury also reported a substantial backlog increase of 33%, totaling $831.1 million.
Mercury Systems (NASDAQ: MRCY) announced $11.7 million in orders related to a $152 million five-year sole-source basic ordering agreement for Digital RF Memory (DRFM) jammers with the U.S. Navy. These orders were received in Q4 of fiscal 2020 and will be delivered in upcoming quarters. The DRFM jammers, optimized for size, weight, and power, enhance electronic warfare testing and training capabilities. Mercury's commitment to innovation aims to meet emerging threats in defense technology.
Mercury Systems will participate in the Jefferies Virtual Industrials Conference on August 5-6, 2020. The management team will present a business overview at 8:00 a.m. EDT on August 6. The presentation will be accessible via a live webcast on Mercury's investor website, with a replay available for 90 days. Mercury Systems specializes in secure technologies for aerospace and defense, supporting over 300 crucial programs globally. Headquartered in Andover, Massachusetts, the company is dedicated to delivering innovative solutions tailored for industry needs.
Mercury Systems, a leader in aerospace and defense technologies, will announce its fourth quarter and fiscal year 2020 financial results on August 4, 2020, post-market close. A conference call with management will follow at 5:00 p.m. ET, discussing quarterly performance and future outlook. Participants can join by phone or via a live audio webcast available on their website. Mercury Systems specializes in providing secure mission-critical technologies for over 300 defense programs globally, emphasizing innovation tailored to meet industry needs.
Mercury Systems (NASDAQ: MRCY) announced a $25 million follow-on order from a defense prime contractor for integrated radio frequency (RF) and digital subsystems, aimed at advanced naval electronic support applications. This order, booked in Q4 of fiscal 2020, is expected to be shipped over several quarters. The company's focus on enhancing RF conversion and digital signal processing technologies positions it uniquely within the defense industry. The commitment to innovation supports the growing demand for agile capabilities amidst emerging threats.
Mercury Systems, Inc. (NASDAQ: MRCY) has secured a $3.9 million contract from a major defense contractor for a high-density system-in-package solution for radar systems. The contract spans 18 months and leverages Mercury's innovative 2.5D chip-scale integration technology, enhancing defenses in artificial intelligence applications. The company emphasizes its expertise in trusted manufacturing and security integration, aiming to meet the Department of Defense’s microelectronics requirements. This move underscores Mercury’s commitment to bridging commercial technology and defense needs.